Daily Pivots: (S1) 0.9519; (P) 0.9575; (R1) 0.9606; More… Intraday bias in USD/CHF is turned neutral with current recovery. Another fall cannot be ruled out. but price actions from 1.0063 high are still viewed as Read more…
Daily Pivots: (S1) 1.2124; (P) 1.2158; (R1) 1.2212; More… Intraday bias in GBP/USD is turned neutral first with current retreat. On the upside, break of 1.2244 will resume the rebound from 1.1759 for 1.2405 resistance. Read more…
Daily Pivots: (S1) 1.0129; (P) 1.0182; (R1) 1.0249; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. On the upside, above 1.0277 minor resistance will target 1.0348 resistance first. Break there will target Read more…
Dollar is recovering in early US session, follow another print of strong consumer inflation. 10-year yield is also back above 2.7% handle. Still, the greenback is the worst performer for the week together with Euro. Read more…
Canada GDP was essentially unchanged in May, better than expectation of -0.2% mom contraction. Services-producing industries rose grew 0.4% mom while goods-producing industries contracted -1.0%. 14 of 20 industrial sectors increased. Advance information indicates that Read more…
The Fed’s preferred inflation gauge spiked higher last month, suggesting consumer price pressures will extend through the summer months. The Federal Reserve’s preferred measure of U.S. inflation spiked higher last month, data indicated Friday, suggesting Read more…
US personal spending rose 0.6% mom or USD 133.5B in June, above expectation of 0.5% mom. Personal spending rose 1.1% mom or USD 181.1B, above expectation of 0.9% mom. The rise in spending reflected USD Read more…
Pro trader Gareth Soloway says anyone can become a master trader – IF – they follow these 5 principles Warren Buffet, ‘The Oracle of Omaha” and CEO of Berkshire Hathaway, Inc. (BRK.A) – Get Berkshire Read more…
Overnight, reports surfaced that the Chinese government was “backing away” from its growth target for this year. The media pointed to a recent Communist Party planning meeting in which the target wasn’t mentioned. Remember that Read more…
“This quarter’s results were below the standards we have set for the company and our shareholders,” said CEO Pat Gelsinger. “We must and will do better. Updated at 8:18 am EST Intel (INTC) – Get Read more…